Dear Bear, So is this a slow bounce up, then a slow drop back to $100 or less

[jubalix]

Dear Bears

I thought (according to bears) there should be a slow unwind/drop to $70 or less......it this yet to happen?

or are we seeing everything in compressed time, and the $50 was it.

edit

I am not mocking Bears I actually want to know

[Birdy]

If you listen closely, you can hear bears weeping in their caves.

[John Self]

People were making fun of the bears right until the end of the last huge bubble.
The truth is nobody knows, so don't get cocky because it might backfire.

[Birdy]

Just after my last post, someone dropped several hundred Coins on the market, Bitcoin sure is fast with the backfire xD

[smoothie]

People were making fun of the bears right until the end of the last huge bubble.
The truth is nobody knows, so don't get cocky because it might backfire.

Just look at the fundamentals and you will see which of the two will win, Fiat or Bitcoin.

Duh.

[sublime5447]

I would say that we are yet to see it . Personally I think we will see a slow steady decline over the next six months... as alt coins divert funds away from bitcoin and btc-e gains in popularity over mt gox... btc will continue a downward tread and litecoin will continue a genital rise (like a boner) in price until we see a .25 ratio between the two at which point there will be long term price stability.  I say btc price at 80 usd and ltc price at 20 usd..  

[Miz4r]

I would say that we are yet to see it . Personally I think we will see a slow steady decline over the next six months... as alt coins divert funds away from bitcoin and btc-e gains in popularity over mt gox... btc will continue a downward tread and litecoin will continue a genital rise in price until we see a .25 ratio between the two at which point there will be long term price stability.  I say btc price at 80 usd and ltc price at 20 usd.. 

What do rising genitals have to do with the price of bitcoin? Is this some new method of TA?

[adamstgBit]

If you listen closely, you can hear bears weeping in their caves.

silly bears, go buy some US stocks and bonds with your USD profits, i hear there's a recovery in progress  

[Malawi]

People were making fun of the bears right until the end of the last huge bubble.
The truth is nobody knows, so don't get cocky because it might backfire.

Just look at the fundamentals and you will see which of the two will win, Fiat or Bitcoin.

Duh.

In the long turn BTC may be worth more, but it seems like there are more and more resistance.
We may very well be in the "return to normal phase"

-But then again, this is pure speculations, and seems like BTC is extra hard to predict ATM.

[sublime5447]

I would say that we are yet to see it . Personally I think we will see a slow steady decline over the next six months... as alt coins divert funds away from bitcoin and btc-e gains in popularity over mt gox... btc will continue a downward tread and litecoin will continue a genital rise in price until we see a .25 ratio between the two at which point there will be long term price stability.  I say btc price at 80 usd and ltc price at 20 usd.. 

What do rising genitals have to do with the price of bitcoin? Is this some new method of TA?

HA that is funny i edited it...

[jubalix]

I am not mocking Bears I actually want to know

[amencon]

I would say that we are yet to see it . Personally I think we will see a slow steady decline over the next six months... as alt coins divert funds away from bitcoin and btc-e gains in popularity over mt gox... btc will continue a downward tread and litecoin will continue a genital rise (like a boner) in price until we see a .25 ratio between the two at which point there will be long term price stability.  I say btc price at 80 usd and ltc price at 20 usd..  

Why do you think the market cap for Litecoin will equal that of Bitcoin?

So far "first mover advantage" has been quite powerful for Bitcoin adoption vs the late comers, why and how do you think this trend will reverse enough for Litecoin to catch up?

Wait, now I see you ended with "long term price stability" with BTC at 80/USD, so joke post?

[sublime5447]

No joke there are 4 times as many litecoins as bitcoins (or there will be).. the alternative currency exchanges have btc much cheaper than mt gox as people realize that they can buy alt coins and trade them for btc on the various exchanges and in the process get them at 10 to 15 percent reduced cost.. they will migrate away from gox and toward lesser know exchanges with more favorable conditions.  

[amencon]

No joke there are 4 times as many litecoins as bitcoins (or there will be).. the alternative currency exchanges have btc much cheaper than mt gox as people realize that they can buy alt coins and trade them for btc on the various exchanges and in the process get them at 10 to 15 percent reduced cost.. they will migrate away from gox and toward lesser know exchanges with more favorable conditions.  

Even at other exchanges don't you think most investments will go to Bitcoin with only a fraction to alt coins considering Bitcoin is primarily the crypto currency people are likely to use and hear about?  Or do you think investments will be made irrespective of user/merchant base adoption of the coin?  If not, then I assume you believe Litecoin will have the same adoption and exposure as Bitcoin at some point in the future, leading to similar money invested in it at 4x the coins giving a litecoin 25% the price per coin vs bitcoin.  Which goes back to my original question, why/what would cause that to happen in your opinion?  What will change to help Litecoin overcome the first mover advantage Bitcoin has?

[sublime5447]

litecoin doesnt have to go through proof of concept it was 7 cent a couple weeks back, it has already made considerable ground and will continue to do so more and more people will adopt it as a way of moving money into the relatively new exchanges..and of course more retailers will accept it as more customers choose to interact with it. I personally prefer to use ltc because of the faster sending times and the quicker sync times  

I also prefer to hold ltc because I believe that it has more opportunity for market gains. I believe that it is much more likely that ltc goes from 4 to 8 than btc from 125 to 250

[adamstgBit]

litecoin doesnt have to go through proof of concept it was 7 cent a couple weeks back, it has already made considerable ground and will continue to do so more and more people will adopt it as a way of moving money into the relatively new exchanges..and of course more retailers will accept it as more customers choose to interact with it. I personally prefer to use ltc because of the faster sending times and the quicker sync times  

I also prefer to hold ltc because I believe that it has more opportunity for market gains. I believe that it is much more likely that ltc goes from 4 to 8 than btc from 125 to 250

LTC PPC FTC ect.. ( theirs a butt load of them )

all gonna die eventually

when BetterThenBitcoinInEveryWayCoin finally comes online people are going to go bananas and all alt coins will die intensely and even BTC will suffer some lose

[meanig]

litecoin doesnt have to go through proof of concept it was 7 cent a couple weeks back, it has already made considerable ground and will continue to do so more and more people will adopt it as a way of moving money into the relatively new exchanges..and of course more retailers will accept it as more customers choose to interact with it. I personally prefer to use ltc because of the faster sending times and the quicker sync times  

I also prefer to hold ltc because I believe that it has more opportunity for market gains. I believe that it is much more likely that ltc goes from 4 to 8 than btc from 125 to 250

What are you on about? Litecoin still uses that shitty Berkeley DB syncing crap that kills your HD. Also if you really care about the length of time until the first transaction why don't you use Chinacoin. It only has 60 seconds between blocks.

None of the Altcoins offer irrefutable improvements over Bitcoin and they all suffer from the same problems i.e. the trade off between block size/fees and the lack of safe instantaneous transaction infrastructure.
 
Until one of the alts does something truly unique they're only a distraction.

[sublime5447]

Nova coin does something unique it uses proof of share instead of proof of stake.... that is what I was told any ways. It is personal preference I guess but I dont like spending half the day waiting for my wallet to sync.

I understand the btc hard liners but it is the myspace of digital coins it paved the way but wont be widely adopted. When a coin comes out that ties valuation to market participation, (in other words incentives sharing instead of hoarding) btc will tank probably for good.. it may stick around as a novelty.

Right now it is all about the btc/ltc market mostly because btc-e supports it so heavily.

So IMO btc will keep creeping lower and ltc will have a slow genital rise (like a boner) until we get the correct ratio of .25 percent.      

[xenon481]

People were making fun of the bears right until the end of the last huge bubble.
The truth is nobody knows, so don't get cocky because it might backfire.

Just look at the fundamentals and you will see which of the two will win, Fiat or Bitcoin.

Duh.

In the long turn BTC may be worth more, but it seems like there are more and more resistance.
We may very well be in the "return to normal phase"

-But then again, this is pure speculations, and seems like BTC is extra hard to predict ATM.

Or we already went through the "return to 'normal'", "fear", and "capitulation" phases and are now in the "return to the mean" phase.

[Frozenlock]

Or we already went through the "return to 'normal'", "fear", and "capitulation" phases and are now in the "return to the mean" phase.

I don't think so. After the peak in 2011, the price went down for months, in a long and excruciating winter for every Bitcoin advocate.

Another possibility, is that we are there:


Precisely when we had a bunch of VC investments announced.

Either way, I remain cautious.

Edit: BTW, while it would be great for my portfolio, it would also be very bad for Bitcoin.